Hellena | GOLD (4H): Long to 2712 (Where is the end of wave 3? )
Updated
Friends, I am wary of giving any long-term forecasts, because an interesting situation has developed at the moment.
I believe that the big wave “3” is coming to an end. But it is difficult to say exactly where. Now the price continues its upward movement and I will trade in small intervals.
At the moment I think that the price will rise a little more to the area of 2712. After that I will expect a correction and then we will think where and how we will see wave “5”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I believe that the big wave “3” is coming to an end. But it is difficult to say exactly where. Now the price continues its upward movement and I will trade in small intervals.
At the moment I think that the price will rise a little more to the area of 2712. After that I will expect a correction and then we will think where and how we will see wave “5”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, the price has reached the area of 2,637, at the moment I assume that the price will continue the upward movement and update the level of 2685.080.
Although I do not exclude that the price will again approach the 2,637 area as part of the correction.
Trade active
Dear friends, I believe that the price is fully completed wave “4” in the area of 2635. This means that wave “3” has been completed. So we expect the upward impulse in wave “5” to be completed.
Trade active
Colleagues, I wrote earlier that wave “4” is over and the development of wave “5” has begun. The plan is still valid, but I am waiting for its confirmation in the form of updating the maximum of wave “3” 2686. Now it is very important to update this local maximum.Trade active
Colleagues, the price swung again the support area of 2537 and now I hope for the continuation of the upward movement to the nearest high of 2685.719. Then we should set trades to breakeven.Trade active
Friends, consolidation continues, but this is a good sign because the strength of the bulls is increasing and I expect this week's scenario to be finalized! Again, the 1st target is to update the level of 2,673.906, then we should set trades to breakeven.Trade active
Colleagues, it looks like the price has formed a triangle and the last wave inside it is almost formed. This means that very soon I expect an upward movement towards the target 2712.
Note
Dear colleagues, I understand that the price has broken through the Swing area a bit out of order, but it does not mean that the planned direction of movement is still not relevant. I believe that now is the best time to look at long positions from the most profitable positions. Trade active
Colleagues, Price is in the process of reversing and I expect the upward movement to continue. It is quite possible that it will continue only next week and we should not expect strong movements today.Trade active
Colleagues! This week I expect the upward movement to continue!
It is quite possible that the price will make a small movement in the correction, then I expect the continuation of the upward movement!
Trade active
Friends, it seems that today we will see a small correction, after which I expect to continue the upward movement to the target. After overcoming the level of 2673 I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Trade active
Colleagues, the price has overcome the level of 2673, and I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
From this point, small corrections are possible, but in general I expect the target to be reached soon.
Trade closed: target reached
Well done!
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